Cenvat reverse against notification no. 12/2012 c.e. sr. 339

Jhanwar Ketankumar L. (student) (28 Points)

14 June 2015  

We have Cleared Excisable Goods against Notification No. 12/2012 C.E. (Serial No. 339) to Megha Power Project Expansion Unit under a NIL rate of Excise Duty. We have taken the Cenvat Credit on our Inputs.

Weather we have to reverse the Input amount with 7% or not??

Thanks